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To: gsp6181 who wrote (29621)	1/30/2002 8:26:03 PM
From: bcrafty	Read Replies (3) \| Respond to of 209892

gsp, only one more day for "January Effect" comments How about the "December Low Indicator" in conjunction with the January Effect? From Aaron Trask tonight @ thestreet.com: "As reported elsewhere, Raymond James chief equity strategist Jeffrey Saut recently reminded Wall Street of an indicator credited to Lucien Hooper back in the 1970s: If the low from December is violated in the first quarter, the ensuing year is likely to be another nasty one for stocks. Since 1950, this "December Low Indicator" has given 24 warning signals and proved correct 50% of the time, according to a recent report by J. Taylor Brown at Stock Trader's Almanac. Of those 24 occurrences, 17 transpired in January, and the Dow had nine down years and three "lackluster" years in those instances. The December Low Indicator is "even more valuable" when used in conjunction with the so-called January Barometer, Brown notes, which states that the S&P 500's performance in January is a harbinger of the full year's performance. The January Barometer has worked every year since 1950, save for six. After today, the S&P 500 is down 3.1% in January and would need to rally by more than 34.50 points tomorrow to get to break-even for the month."